Singapore’s central bank launches S$30 million cybersecurity grant for finance sector

The Monetary Authority of Singapore (MAS) announced this week the launch of a S$30 million (US$41 million) Cybersecurity Capabilities Grant to strengthen the cyber resilience of the financial sector in Singapore and help financial institutions develop local talent in cybersecurity. According to a recent report by AT Kearney, cyber risks could obstruct trust and resilience in the Association of Southeast Asian Nations’ (ASEAN) digital economy and prevent the region from realising its full digital potential.

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